Bangkok--14 Dec--Aberdeen
Aberdeen views the Chinese economy is still trending upward bringing Aberdeen China Gateway Fund grows continuously with THB 1,018 MM of Net Asset Value. (As of Dec 8, 2010)
China’s GDP grew by 9.6% year-on-year in the third quarter. Although this was down from the previous quarter’s 10.3%, it is impressive by global standards. China and Hong Kong equities were buoyed in October by upbeat earnings news and the prospect of further quantitative easing in the US. Looking ahead, stock markets are likely to be supported by a further influx of foreign capital as a fresh round of quantitative easing by the US Federal Reserve forces funds into more promising assets. However, on the economic front, the China growth story is still an attractive one. Aberdeen still believes in our holdings that they can continue to grow strongly given their positive outlook and solid balance sheets.
Aberdeen China Gateway Fund which invests in Master Fund — Aberdeen Global Chinese Equity Fund has the policy of investing in Chinese stocks via Hong Kong stock market. Now, the fund is primarily focused in the financial, consumer discretionary and industrials while cherishing Aberdeen’s bottom-up investment approach to identify quality companies for long term investment. The latest YTD return from the fund as of 26 November 2010 was +12.99% against -1.27% of the benchmark MSCI Zhong Hua Index.
Added from Mr,Chaikaseam Vadhanasiripong, Head of Funds Distribution “Given the strong Chinese fundamentals and solid Chinese corporate results at present, plus our stock selection which is based on listed companies in HK stock market for their better quality, more reliable standard and management transparency, we are even more confident that Chinese equities can still provide investment opportunities as well as way to investment diversification for the Thai investors. In addition, Aberdeen China Gateway Fund received another THB 600 MM allocation from the SEC which can invest offshore up to THB 1,500 MM. Hence, it’s an opportunity for Thai investor to have exposure in Chinese equity market.”
Fund Performance NAV 3M 6M 12M YTD Since Inception
as of November 26, 2010
AberdeenChina Gateway Fund 11.6384 7.39% 17.77% 14.15% 12.99% 16.43%
MSCI Zhong Hua THB 7.77% 10.46% 1.14% -1.27% 0.83%
Benchmark : The MSCI Zhong Hua Index is a free float-adjusted market capitalisation index that is designed to measure the performance of stocks in the developed markets of China and Hong Kong; the index gives one-third of its weightings to China stocks and the remainder to Hong Kong stocks.
Past performance is not a guarantee of future results. The fund performance document is prepared in accordance with AIMC standards.
Investment in a foreign investment fund (FIF) is subject to currency risk and may get a return lower than the amount initially invested. Investments contain risks. Investor should study prospectus before making a decision to invest.
About Aberdeen Asset Management Group
Aberdeen Asset Management manages over USD 285.18 bn* of third party assets from its offices around the world. At Aberdeen, asset management is our sole business. We operate independently and only manage assets for third parties, allowing us to focus only on their needs, without conflicts of interest. Our clients access our investment expertise across the three asset classes: equities, fixed income and property. We package our skills in the form of segregated and pooled products across borders. We invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments — we do not chase market fads.
*Data as of end Oct 10
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